Bajaj Finserv AMC has announced the launch of the Bajaj Finserv Consumption Fund, an open ended equity scheme following the consumption theme. The fund opens for subscription on 8th November and the New Fund Offer period ends on 22nd November 2024.

The Bajaj Finserv Consumption Fund is a true-to-label fund that will strategically invest in sectors aligned with emerging consumption megatrends. These are influential megatrends shaping consumption habits across India. Riding the wave of these changes, the fund aims to identify opportunities in sectors like FMCG, automobiles, consumer durables, consumer goods, healthcare, realty, telecom, power and services, all of which are increasingly contributing to India’s rapid consumption growth.

The fund will focus on companies positioned to benefit from the emerging consumer boom by identifying potential growth stories. It will follow a market-cap-agnostic approach, offering the flexibility to invest across various market capitalizations.

Speaking on the launch, Ganesh Mohan, CEO, Bajaj Finserv AMC says, “India’s consumption landscape is dramatically shifting due to increased income levels, a surge in urbanization, and a transition from basic to discretionary spending. Consumption as a theme is favourable for investment now as the fundamentals are stronger as compared to the broader markets. With growth in sectors like FMCG, food services and quick commerce, realty and auto, which are expected to witness significant expansion in the coming years, we firmly believe that this fund will be an asset to our investors’ portfolios in the long run”.